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Apple Supplier BOE Facing iPhone Display Production Issues Due to Chip Shortages

Machines should be able to produce thousands of chips per minute. Why do we STILL have a chip shortage this long after the pandemic had started??
 
I will wait till the iPhone 15 or 16 which hopefully will be foldable. I cannot be bothered to shell out my wallet for some minor design revisions such as the pill shaped notch.
 
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